New study on public banks and the racial wealth gap

Researchers at Demos and New Economy Project recently published “Public Banks for Racial Equity: Democratizing Finance to Build Community Wealth,” a study that looks at the history and persistence of the racial wealth gap and the role that public banks can...

Information you need about the advantages of public banking

Do you want to know more about how the ownership, structure, purpose, and transparency of a public bank differs from credit unions, Wall Street and community banks, community development financial institution, and non-depository organizations like finance authorities,...

Good news and new media

Good news! “An Act to Create a Massachusetts Public Bank” has received a reporting extension from the Joint Committee on Financial Services. That means we are still able to advocate for passage, including asking for co-sponsors. There has been some great...

New co-sponsors!

We are delighted to welcome three new co-sponsors to An Act to Establish a Massachusetts Public Bank (H975/S632). Rep. Erika Uyterhoeven represents Somerville’s 27th Middlesex District. Sen. Jason M. Lewis, Fifth Middlesex, and Sen. Julian Cyr (Cape and Islands)...